Wicked Fast Loans

Are you looking for flexible cash for your business without a long and burdensome application process?

CEI’s Wicked Fast Loans offer up to $25,000 for existing and up to $15,000 for start-up businesses* with a streamlined application and 3-business day decision window.

*Start-up businesses must have evidence of a relationship with a business advisor. CEI can make Business Advisor referrals upon request.

Benefits of the Wicked Fast Loan

  • Streamlined application review and consideration process
  • Reduced collateral requirements
  • Low credit score thresholds
  • Loan decisioning complete in 3-business days
  • No prepayment penalty
  • Minimal annual financial reporting requirements

What Can I Use Funds For?

  • Working capital
  • Equipment
  • Refinance existing higher interest
  • Funds cannot be used for real estate purchase

Who Can Apply?

For-profit businesses, owned by individuals whose credit scores meet the following thresholds, are eligible for loan approval consideration.  Meeting credit score threshold requirements, however, neither guarantees loan approval nor requested loan amount.

Non-profit businesses do not qualify.

Existing Businesses
(can show at least 12 months of revenue)

Credit ScoreMaximum AmountRate
725 & up$25,0007.25%

Start-Up Businesses
(have had less than 12 months of revenue)

Credit ScoreMaximum AmountRate
625 & up$15,0007.75%

Loan Terms

  • Up to 5-year/60-month terms
  • No prepayment penalty

Application Requirements

  • Complete CEI Wicked Fast Loan application(s) from each owner with at least 20% interest in the business
  • 2-sided copy of valid photo identification for owners with at least 20% interest in the business, as well and any additional personal guarantor(s)
  • Complete list of items to be purchased, with associated cost and specifications, if applicable.
  • Plus items listed on our Application Checklist specific to your business stage and legal type.

When will I know if my request is approved?

Approvals or declinations are typically provided to applicants within 3 business days of complete loan application submission.

Are there any other requirements?

  • A first position lien on all business assets
  • Personal guaranty from all business owners with a 20% or greater share of the business
  • Loan payment by ACH
  • Most potential borrowers will be asked to participate in a 30-minute workforce assessment
  • Evidence of business property insurance and business liability insurance prior to close
  • Borrower’s Resolution, if applicable, depending on the corporate structure of the business
  • Additional items, as needed
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